Alternative sectors

Property lenders are proving keen to finance investors’ growing interest in various types of accommodation, including hotels and student housing

The need to refinance a huge pile of maturing debt, lenders’ reticence to fund retail, and the growing importance of cashflow were among key topics raised at the consultancy’s latest Financing Property presentation.

Tenant demand for leasing space on a flexible basis is fuelling growth in emerging property sectors, according to real estate debt and equity professionals.

There are benefits for debt providers in looking outside the mainstream real estate sectors. But financing alternative property assets requires an understanding of the factors driving demand.

NatWest, HSBC UK and Barclays commit to Downing Group’s development of three schemes in Coventry, Manchester and London.

Hines and APG Asset Management have sourced €81m from Wells Fargo for the construction of a built-to-rent scheme in Dublin.

Chiara Zuccon, senior director of debt advisory at CBRE, talks to Real Estate Capital about financing PRS across Europe.

The pipeline of purpose-built rental housing for the UK has never been fuller. But while institutional equity is bullish, the sector’s lenders need more clarity on market metrics.

The London-based development finance provider is aiming to grow its loan book to more than £100m by the end of 2020.

Debt providers canvassed by Real Estate Capital discuss where they see prospects for financing in the new year.